Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
USDT Ponzi Scheme FINAL WARNING To EXIT Before Tether Collapses Crypto Exchange Markets - 22nd Jun 21
Stock Market Correction Starting - 22nd Jun 21
This Green SuperFuel Could Change Everything For the $14 Trillion Shipping Industry - 22nd Jun 21
Virgin Media Fibre Broadband Installation - What to Expect, Quality of Wiring, Service etc. - 21st Jun 21
Feel the Inflationary Heartbeat - 21st Jun 21
The Green Superfuel That Could Disrupt Global Energy Markers - 21st Jun 21
How Binance SCAMs Crypto Traders with UP DOWN Coins, Futures, Options and Leverage - Don't Get Bogdanoffed! - 20th Jun 21
Smart Money Accumulating Physical Silver Ahead Of New Basel III Regulations And Price Explosion To $44 - 20th Jun 21
Rambling Fed Triggers Gold/Silver Correction: Are Investors Being Duped? - 20th Jun 21
Gold: The Fed Wreaked Havoc on the Precious Metals - 20th Jun 21
Investing in the Tulip Crypto Mania 2021 - 19th Jun 21
Here’s Why Historic US Housing Market Boom Can Continue - 19th Jun 21
Cryptos: What the "Bizarre" World of Non-Fungible Tokens May Be Signaling - 19th Jun 21
Hyperinflationary Expectations: Reflections on Cryptocurrency and the Markets - 19th Jun 21
Gold Prices Investors beat Central Banks and Jewelry, as having the most Impact - 18th Jun 21
Has the Dust Settled After Fed Day? Not Just Yet - 18th Jun 21
Gold Asks: Will the Economic Boom Continue? - 18th Jun 21
STABLE COINS PONZI Crypto SCAM WARNING! Iron Titan CRASH to ZERO! Exit USDT While You Can! - 18th Jun 21
FOMC Surprise Takeaways - 18th Jun 21
Youtube Upload Stuck at 0% QUICK FIXES Solutions Tutorial - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations Video - 18th Jun 21
AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction - 17th Jun 21
Stocks, Gold, Silver Markets Inflation Tipping Point - 17th Jun 21
Letting Yourself Relax with Activities That You Might Not Have Considered - 17th Jun 21
RAMPANT MONEY PRINTING INFLATION BIG PICTURE! - 16th Jun 21
The Federal Reserve and Inflation - 16th Jun 21
Inflation Soars 5%! Will Gold Skyrocket? - 16th Jun 21
Stock Market Sentiment Speaks: Inflation Is For Fools - 16th Jun 21
Four News Events That Could Drive Gold Bullion Demand - 16th Jun 21
5 ways that crypto is changing the face of online casinos - 16th Jun 21
Transitory Inflation Debate - 15th Jun 21
USDX: The Cleanest Shirt Among the Dirty Laundry - 15th Jun 21
Inflation and Stock Market SPX Record Highs. PPI, FOMC Meeting in Focus - 15th Jun 21
Stock Market SPX 4310 Right Around the Corner! - 15th Jun 21
AI Stocks Strength vs Weakness - Why Selling Google or Facebook is a Big Mistake! - 14th Jun 21
The Bitcoin Crime Wave Hits - 14th Jun 21
Gold Time for Consolidation and Lower Volatility - 14th Jun 21
More Banks & Investors Are NOT Believing Fed Propaganda - 14th Jun 21
Market Inflation Bets – Squaring or Not - 14th Jun 21
Is Gold Really an Inflation Hedge? - 14th Jun 21
The FED Holds the Market. How Long Will It Last? - 14th Jun 21
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Obama vs. Medvedev Nuclear Showdown in New Europe

Politics / New Cold War Nov 09, 2008 - 05:37 PM GMT

By: Mike_Whitney

Politics Best Financial Markets Analysis Article"US president-elect Barack Obama has told Polish President Lech Kaczynski he will go ahead with plans to build a missile defense shield in eastern Europe despite threats from Russia, Warsaw said on Saturday" AFP Warsaw

Dmitry Medvedev is a quiet and reflective man who enjoys reading novels, lifting weights and listening to rock and roll music. He has a large collection of vintage vinyl records. His favorite rock bands are Deep Purple, Pink Floyd and Led Zeppelin. His parents were university professors who raised him in a crowded 500 sq ft apartment in Leningrad. He excelled at school and went on to become a lawyer before entering politics. He married his high school sweetheart, Svetlana Linnik, and is a close friend of former president Vladimir Putin.


Medvedev was elected President of Russia on March 2, 2008 in a landslide victory. He won over 70 percent of the vote. As Putin's hand-picked successor, the election was never really in doubt, although critics in the United States have challenged the fairness of the balloting. No one, however, questions Medvedev's public approval ratings, which are nearly as high as Putin's (who usually polls in the 80 percent range) Both leaders are extremely popular among working Russians.

Medvedev is a strong proponent of democracy and is deeply committed to an independent judiciary, private property and free markets. He is an honest and reasonable man who is also fiercely nationalistic.

This biographical information may help readers to form an opinion about a man who the western media has decided to destroy. Medvedev is not Putin's "puppet", a warmonger, or the "new Hitler". In fact, he is precisely the type of leader that the United States should be working with to deal with the critical issues of global poverty, energy depletion, climate change and the ongoing financial crisis. But that is unlikely to happen because Russia has frustrated Washington's ambitions in the Caucasus and is blocking Big Oil's access to vital reserves in the Caspian Basin. That's why Medvedev has been added to Washington's "enemies list".

Medvedev finds himself in the same position as Hugo Chavez and Mahmoud Ahmadinejad--the axis of diesel-- both of who are regularly savaged by the media because they sit on massive oil reserves which are beyond the grasp of the transnational corporations. That's why most of what is written about Medvedev is nonsense. The same corporations that own the politicians own the media as well. Naturally, they want to demonize their rivals. In truth, most Americans would have a lot more in common with Medvedev than they would with Bush, Cheney or any of their "silver spoon" elitist cronies.

US relations with Russia have steadily deteriorated under George Bush. Bush ignored his father's promises not to push NATO into former Soviet territory and now is planning to deploy a nuclear missile system in Eastern Europe. Missile Defense poses a clear danger to Russia's national security. It integrates the United States entire nuclear capability--including space-based operations--with systems that are inside Russia's traditional sphere of influence. Putin summed it up like this in a press conference at the G-8 meetings:

"For the first time in history, there are elements of the US nuclear capability on the European continent. It simply changes the whole configuration of international security ... Of course, we have to respond to that."

The Bush administration is trying to achieve what nuclear weapons specialist, Francis A. Boyle, calls the "longstanding US policy of nuclear first-strike against Russia". By placing weapons systems and radar on Russia's borders the US will have a critical advantage that will disrupt the delicate balance of power. Medvedev cannot allow this to happen. His first responsibility is to ensure the security of the Russian people who are clearly at greater risk by the proposed system. The planned deployment must be stopped. This is not a negotiable point.

Russian/US relations reached a new low following the recent war in Georgia. The aggression was initiated by Georgia President Saakashvili who ordered the invasion of South Ossetia after dropping thousands of cluster bombs on civilian areas and leveling the capital of Tskhinvali. The media has blamed Russia for the conflict, but a new report by Human Rights Watch confirms that Georgia was the real perpetrator. The report, which was presented at the Convention on Conventional Weapons, "adds to a growing body of evidence of Georgian atrocities in the fighting....The group said Tuesday that Georgia...used cluster munitions extensively in the war, which began when Georgia launched a major artillery strike against South Ossetia, a breakaway Georgian enclave, prompting Russia to invade large swaths of Georgian territory." (New York Times)

Another report in the New York Times stated: "The accounts suggest that Georgia's inexperienced military attacked the isolated separatist capital of Tskhinvali on August 7 with indiscriminate artillery and rocket fire, exposing civilians, Russian peacekeepers and unarmed monitors to harm.... The then senior OSCE representative in Georgia, Ryan Grist, said:

“It was clear to me that the attack was completely indiscriminate and disproportionate to any, if indeed there had been any, provocation...The attack was clearly, in my mind, an indiscriminate attack on the town, as a town.”
Mr. Grist has served as a military officer or diplomat in Northern Ireland, Cyprus, Kosovo and Yugoslavia.(New York Times)

An unknown number of Russian civilians were killed in the aggression, which has fundamentally changed the political dynamic between Moscow and Washington. Just below the surface of diplomatic civility, a war is underway, which is why Russia is strengthening alliances in Central Asia and Latin America, opening naval bases in the Mediterranean, establishing energy corridors to Europe, and developing new weapons systems. Russia is not Iraq. It will be prepared if hostilities break out.

The war in South Ossetia was a turning point in US/Russo relations, as Medvedev points out:

"Events in the Caucasus dispelled whatever illusions people had remaining from the post-Soviet period. Those illusions were about the world being just and about the current security system being optimal." (Russia Today)

Medvedev also sees the war in South Ossetia as symptomatic of a larger and more deeply-rooted problem.

Medvedev: “A barbaric aggression against South Ossetia and the global financial crisis – two very different problems which nevertheless have common traits and a common origin...A local reckless enterprise provoked a rise of tensions far behind the region's borders, in the whole of Europe, in the whole world. It called into question the efficiency of international security institutions and practically destabilized the basics of the world order. The lessons of mistakes and crises of 2008 proved to all the responsible nations that it is the time to act, and it is necessary to radically reform the political and economic system."

Medvedev is right. The present architecture for global security needs to be thoroughly revamped as does the global financial system. Unilateralism, preemption and the Bush Doctrine have only made the world a more dangerous place. So, too, Wall Street's disproportionate influence on financial markets has precipitated the worst crisis in the last 80 years. There needs to be a new order based on mutual cooperation and international law which establishes greater parity between the countries (and their currencies) and a renewed commitment to fundamental principles of national sovereignty and self determination. Superpower politics, wherein one nation arbitrarily imposes its will on all the others, has proved to be a failure. Unipolar rule must end for the sake of global security.

Medvedev: “I emphasize; we do not have a problem with the American people, we are not anti-American. We want to be partners with the new U.S. administration, and have good relations with the United States. Together with all countries interested we will create a really democratic model of relations. But the world cannot be ruled from one capital. Those who do not want to understand that will be only creating problems for themselves and for others."

RUSSIAN MISSILES IN EUROPE?

In his first State of the Nation speech on Thursday Medvedev addressed everything from South Ossetia, to terrorism, to Missile Defense, to a plan for global security. He said that he would deploy Iskander missiles in the Baltic exclave of Kaliningrad if the US administration went ahead with its plans for a missile shield in Europe.

Obama's foreign policy advisers have taken Medvedev's warning as a "test" of the new president's mettle and persuaded him to publicly announce his commitment to Bush's Missile Defense system.

According to AFP: "US president-elect Barack Obama has told Polish President Lech Kaczynski he will go ahead with plans to build a missile defense shield in eastern Europe despite threats from Russia, Warsaw said on Saturday. The US wants to base 10 interceptor missiles in Poland plus a radar facility in the neighboring Czech Republic by 2011-2013 to complete a system already in place in the United States, Greenland and Britain."

Obama is walking into a trap. He should see that the proposed deployment is needlessly provocative and will only lead to further escalation. He's already facing two unfinished wars and a deepening recession; he doesn't need a nuclear confrontation with Russia. Marching in lockstep with the fanatical neocon agenda is not the "change" the American people were hoping for.

In his State of the Nation speech, Medvedev announced plans to make Russia a global financial center by the end of 2008.

Medvedev: "A package of bills forming the basis for the creation of one of the world's leading financial centers in Russia needs to be passed before the end of this year. This center should serve as the nucleus for an independent and competitive Russian financial system. Practical steps are needed to strengthen the ruble's role as an international settlement currency and to finally achieve the transition to settlements in rubles for gas and oil, over which we have, regrettably, taken a long time." (Russia Today)

Medvedev and Putin blame the United States for the current firestorm in the financial markets. Wall Street's sale of fraudulent subprime mortgage-backed securities (MBS) and other structured investments have pushed the global banking system to the brink of a meltdown. It all could have been avoided with sufficient oversight and regulation. Even so, Medvedev still remains committed to free markets and democracy.

Medvedev: "I want everyone to know: our goals are unchanged. Sharp fluctuations in the political and economic situation, turbulence of the world economy and even forced military and political tensions will not become the ground to dismount democratic institutions, nationalizing industries and the financial system.....Political freedom of citizens and their private property are untouchable....Any infringement of civil rights and freedoms, or any action that worsens the material position of citizens, is immoral and illegal."

While Russia's young president is looking for ways to strengthen a progressive agenda and emerge from the darkness of Soviet-era repression, the United States is still in the clutches of hawkish neocons, recalcitrant cold warriors and self-serving banking elites. Obama has a unique opportunity to reconcile past differences and collaborate on a shared vision of the future with his Kremlin counterpart, or he can put a knife to Moscow's throat and force Medvedev to repond. Which will it be?

From the Associated Press, Saturday Nov 8: "A Kremlin statement says Medvedev and Obama spoke by telephone on Saturday. Both parties 'expressed the determination to create constructive and positive interaction for the good of global stability and development.'"

International security is in everyone's best interest. Bush's Missile Defense System must be stopped.

By Mike Whitney

Email: fergiewhitney@msn.com

Mike is a well respected freelance writer living in Washington state, interested in politics and economics from a libertarian perspective.

Mike Whitney Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

k
10 Nov 08, 13:16
obama

you elected him, now reap the harvest! k


Stephen Leo Miller
14 Nov 08, 15:03
Russian Irony

Irony that the Russian president should have more in common ideologically with the founding fathers of the United States than do our current and soon-to-be presidents.

And perhaps this is silly (and also perhaps not), but Medvedev's taste in music alone reveal very much about the man. Thanks Mike for your essay, valuable insight.


dpscll
15 Nov 08, 14:27
Missile shield

From Obama's "stay the course" attitute, Medvedev proably thinks he lacks the acumen to fully grasp the implications of what the missile deployment will have on east-west relations. Why else would Obama echo the bush imperialist view. Obviously, it would be too much of us to ask for a president that would come clean with us and let us in on why he makes the decisions he does. But I suspect the adminstation is still steaming over the Ruskies support of Iran both politically and militarily and may want to use this as a bargaining chip down the road after the Iran mess blows up. Its back to the one-upsmanship of the cold war all over again.


john
10 Apr 10, 12:43
Polish President Dead: Lech Kaczynski

A final tribute to the dead:Lech Kaczynski..http://www.to-be-love.net/2010/04/polish-president-dead-lech-kaczynski.html


Post Comment

Only logged in users are allowed to post comments. Register/ Log in